Fund Evaluator:

Cantor Fitzgerald Equity Div Plus Inst Overview

Cantor Fitzgerald Equity Div Plus Inst (FBPEX) is an actively managed Nontraditional Equity Derivative Income fund. Cantor launched the fund in 1993.

The investment seeks to provide above-average and growing income, and, secondarily, seeks to achieve long-term growth of capital. The fund seeks to achieve its objective by investing in a diversified portfolio comprised primarily of above-average dividend-yielding, undervalued equity securities with capital appreciation and dividend growth potential. Under normal circumstances, at least 80% of the fund’s net assets will be invested in equity securities of companies that have announced dividend paying programs at the time such companies’ equity securities are purchased.

About Cantor Fitzgerald Equity Div Plus Inst (FBPEX)

There are 4 members of the management team with an average tenure of 10.64 years: David Marshall (2023), Norman Darden (2023), J. Morrell (2023), John Bruce (1993). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Cantor Fitzgerald Equity Div Plus Inst has 77 securities in its portfolio. The top 10 holdings constitute 32.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Cantor Fitzgerald Equity Div Plus Inst is part of the Equity global asset class and is within the Nontraditional Equity fund group. Cantor Fitzgerald Equity Div Plus Inst has 3.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.3%. There is 3.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Cantor Fitzgerald Equity Div Plus Inst has 7.3% of the portfolio in cash.

Assets Under Management

The fund has $90 million in total assets, which is below the $233 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FBPEX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Cantor Fitzgerald Equity Div Plus Inst expense ratio is high compared to funds in the Derivative Income category. Cantor Fitzgerald Equity Div Plus Inst has an expense ratio of 1.01%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Cantor Fitzgerald Equity Div Plus Inst has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Derivative Income category.

Recently, in the month of June 2026, Cantor Fitzgerald Equity Div Plus Inst returned 1.5%, which earned it a grade of A, as the Derivative Income category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Cantor Fitzgerald Equity Div Plus Inst has a trailing yield of 3.21%, which is below the 4.51% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Cantor Fitzgerald Equity Div Plus Inst Grades

Year to date, the fund has returned 11.0%, 4.8 percentage points better than the category, which translates into a grade of A. The fund has returned 17.6% over the past year (grade of B), 13.7% over the past three years (grade of C) and 8.7% per year over the past five years (grade of C) and 9.9% per year over the past 10 years (grade of B).

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